USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.82639 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.
Also there is a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83346 |
| 2nd High | 0.83183 |
| Next High | 0.82639 |
| Current Price | 0.82392 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.82639 – 0.83183 – 0.83119 – 0.82167 – 0.81966 – 0.82670
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji